Today's Edition
ABU DHABI (ALETIHAD)
Emirates Development Bank (EDB), the UAE’s key financial engine for economic development, has extended Dh265 million in financing to Aster DM Healthcare to support its expansion plans in Dubai.
The funding will facilitate the construction of two multi-specialty hospitals in the emirate, adding over 250 beds to Aster’s existing capacity of about 920 beds under the Aster and Medcare brands.
The agreement was signed by Dr Azad Moopen, Founder Chairman of Aster DM Healthcare, and Ahmed Mohamed Al Naqbi, Chief Executive Officer of EDB, in the presence of Alisha Moopen, Managing Director and Group CEO of Aster DM Healthcare, Iqbal Khan, CEO of Fajr Capital and Board Member of Aster DM Healthcare, and senior officials from both organisations.
Once fully operational, the two new hospitals are expected to treat more than 560,000 patients annually and employ over 675 doctors, nurses and allied health professionals. Aster’s UAE network currently includes 10 hospitals, 113 clinics and 298 pharmacies, supported by more than 2,000 doctors and 4,000 nurses.
Ahmed Mohamed Al Naqbi said: “Healthcare is a mission-critical pillar of the UAE’s future. By empowering leading partners like Aster DM Healthcare to grow, we help unlock broader economic value for the nation. This partnership expands access to quality care, builds national capabilities, and strengthens the UAE’s economic resilience and competitiveness.”
Alisha Moopen said the collaboration aligns with the Dubai Economic Agenda D33. “The partnership with EDB represents a significant milestone in Aster’s Dubai journey, enabling us to accelerate the expansion of high-quality, multi-specialty care in the UAE — bringing world-class healthcare closer to the communities we serve,” she said.
Iqbal Khan added that the partnership reflects “Aster’s strong operational fundamentals and the long-term growth potential of the UAE’s healthcare sector.”
